Can I retire at age 53 with 2,590,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$213,880$211,975$210,116$208,302$206,530$200,401
2 years$105,881$103,909$101,998$100,145$98,348$92,223
3 years$69,886$67,906$65,999$64,164$62,396$56,468
4 years$51,892$49,918$48,031$46,226$44,501$38,816
5 years$41,099$39,136$37,274$35,506$33,829$28,401
6 years$33,905$31,958$30,123$28,395$26,768$21,602
7 years$28,769$26,838$25,032$23,345$21,769$16,866
8 years$24,919$23,005$21,229$19,583$18,060$13,416
9 years$21,926$20,030$18,285$16,681$15,209$10,820
10 years$19,533$17,656$15,941$14,379$12,959$8,818
11 years$17,576$15,718$14,034$12,514$11,145$7,246
12 years$15,947$14,107$12,455$10,976$9,658$5,993
13 years$14,569$12,749$11,128$9,691$8,422$4,982
14 years$13,389$11,588$9,998$8,602$7,383$4,159
15 years$12,368$10,586$9,027$7,672$6,500$3,484
16 years$11,475$9,713$8,184$6,869$5,745$2,927
17 years$10,688$8,945$7,448$6,172$5,094$2,464
18 years$9,989$8,266$6,799$5,562$4,529$2,079
19 years$9,364$7,660$6,224$5,026$4,037$1,757
20 years$8,803$7,118$5,712$4,552$3,606$1,487
21 years$8,295$6,631$5,254$4,131$3,227$1,259
22 years$7,835$6,189$4,842$3,756$2,892$1,068
23 years$7,415$5,789$4,471$3,421$2,596$906
24 years$7,030$5,424$4,135$3,120$2,334$770
25 years$6,677$5,090$3,830$2,849$2,100$654
26 years$6,352$4,784$3,552$2,605$1,892$556
27 years$6,051$4,502$3,298$2,385$1,705$473
28 years$5,773$4,242$3,066$2,185$1,539$402
29 years$5,513$4,002$2,853$2,004$1,390$342
30 years$5,272$3,780$2,658$1,839$1,256$292
31 years$5,047$3,573$2,478$1,689$1,135$248
32 years$4,836$3,381$2,312$1,552$1,027$211
33 years$4,638$3,202$2,159$1,427$929$180
34 years$4,453$3,034$2,017$1,313$841$153
35 years$4,278$2,878$1,886$1,209$762$131
36 years$4,114$2,732$1,764$1,113$690$111
37 years$3,958$2,594$1,651$1,026$626$95
38 years$3,811$2,466$1,546$945$567$81
39 years$3,673$2,345$1,448$872$514$69
40 years$3,541$2,231$1,358$804$467$59
41 years$3,416$2,123$1,273$742$423$50
42 years$3,297$2,022$1,194$685$384$43
43 years$3,185$1,927$1,121$632$349$36
44 years$3,077$1,837$1,052$584$316$31
45 years$2,975$1,751$988$539$287$26
46 years$2,877$1,671$928$498$261$23
47 years$2,784$1,594$871$460$237$19
48 years$2,695$1,522$819$425$215$16
49 years$2,610$1,454$770$393$195$14
50 years$2,529$1,388$724$363$177$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,590,000, adding $2,356 every year, while hoping to spend $28,586 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 34/45/21 Blend
52$2,590,000$2,590,000$2,590,000$2,590,000
53$2,856,610$2,719,340$2,679,195$2,935,303
54$3,117,569$2,822,173$2,738,533$3,096,594
55$3,404,188$2,929,086$2,798,900$3,267,616
56$3,719,053$3,040,249$2,860,302$3,451,454
57$4,065,016$3,155,840$2,922,741$3,649,260
58$4,445,215$3,276,044$2,986,220$3,862,300
59$4,863,110$3,401,053$3,050,742$4,091,960
60$5,322,511$3,531,069$3,116,306$4,339,763
61$5,827,617$3,666,301$3,182,912$4,607,382
62$6,383,054$3,806,970$3,250,559$4,896,653
63$6,993,917$3,953,303$3,319,245$5,209,594
64$7,665,822$4,105,540$3,388,964$5,548,419
65$8,404,954$4,263,930$3,459,714$5,915,563
66$9,218,131$4,428,734$3,531,485$6,313,703
67$10,112,861$4,600,223$3,604,271$6,745,778
68$11,097,420$4,778,681$3,678,061$7,215,020
69$12,180,925$4,964,405$3,752,844$7,724,983
70$13,373,422$5,157,703$3,828,607$8,279,575
71$14,685,980$5,358,900$3,905,335$8,883,092
72$16,130,796$5,568,331$3,983,009$9,540,259
73$17,721,309$5,786,351$4,061,611$10,256,275
74$19,472,327$6,013,327$4,141,120$11,036,856
75$21,400,167$6,249,642$4,221,510$11,888,293
76$23,522,809$6,495,700$4,302,756$12,817,507
77$25,860,065$6,751,919$4,384,828$13,832,111
78$28,433,766$7,018,737$4,467,694$14,940,487
79$31,267,968$7,296,613$4,551,319$16,151,855
80$34,389,178$7,586,025$4,635,666$17,476,366
81$37,826,605$7,887,471$4,720,692$18,925,189
82$41,612,437$8,201,475$4,806,353$20,510,623
83$45,782,140$8,528,582$4,892,601$22,246,203
84$50,374,799$8,869,362$4,979,382$24,146,830
85$55,433,478$9,224,412$5,066,642$26,228,910
86$61,005,638$9,594,352$5,154,319$28,510,506
87$67,143,573$9,979,835$5,242,349$31,011,505
88$73,904,911$10,381,541$5,330,661$33,753,806
89$81,353,155$10,800,180$5,419,182$36,761,520
90$89,558,284$11,236,496$5,507,831$40,061,201
91$98,597,409$11,691,265$5,596,524$43,682,090
92$108,555,507$12,165,299$5,685,170$47,656,390
93$119,526,218$12,659,447$5,773,672$52,019,565
94$131,612,729$13,174,598$5,861,927$56,810,675
95$144,928,753$13,711,678$5,949,827$62,072,740
96$159,599,593$14,271,658$6,037,254$67,853,142
97$175,763,335$14,855,552$6,124,085$74,204,070
98$193,572,143$15,464,422$6,210,190$81,183,011
99$213,193,699$16,099,376$6,295,428$88,853,284
100$234,812,785$16,761,575$6,379,654$97,284,641